HC Deb 30 January 1974 vol 868 c119W
Mr. Deakins

asked the Chancellor of the Exchequer what percentages of total income and income from property, respectively (excluding non-taxable benefits) accrue to the top 1 per cent., the top 5 per cent. and the top 10 per cent., of taxpayers.

Mr. Nott

On the basis of the coverage and definitions of income given on page xi of "The Survey of Personal Incomes 1970–71" published by HMSO, the figures are as follows:

Percentage covered by the top
1 per cent. 5 per cent. 10 per cent.
Total net income 6 16 24
Net investment income 30 50 60

The figures relate to all persons with incomes above £420 per annum, whether or not they actually paid tax.